Hungary: 2022 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Hungary
February 3, 2023
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Hungary: 2022 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Hungary, (USA: International Monetary Fund, 2023) accessed June 20, 2025
Summary
While the economy was recovering from the COVID-crisis, a succession of shocks and loose fiscal policy intensified inflation and fueled a large external deficit. Appropriately, the central bank significantly tightened monetary policy and the government plans a large fiscal adjustment. However, regulatory measures undermine the tighter fiscal and monetary policy mix. Growth is expected to slow sharply with still-elevated inflation and sizable risks can worsen the outlook.
Publication Details
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Pages:
63
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Volume:
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DOI:
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Issue:
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Series:
Country Report No. 2023/070
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Stock No:
1HUNEA2023001
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ISBN:
9798400228865
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ISSN:
1934-7685
